S&P 500 Grinds Toward All-Time High. The Market Cleared This Week's Inflation Hurdles.
The stock market continued to grind higher in Thursday afternoon trading as the S&P 500 moved another step closer to its Feb. 19 record close.
The market benchmark was up 0.3%, just about 1.7% below its highest close on record of 6144.15. The Nasdaq Composite was up 0.3%. The Dow was up 68 points, or 0.2%.
The Dow specifically was lagging due to Boeing, which subtracted more than 56 points off the index with its 5% decline, but gains from UnitedHealth and Microsoft helped offset that slide.
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